Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Energy Oil & Gas Integrated

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.

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Cenovus Energy Inc > Oct 6 - CVE Files Sep NCIB Share Buybacks

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Comment by Quintessential1on Oct 07, 2022 9:56am

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Post# 35011954

RE:Oct 6 - CVE Files Sep NCIB Share Buybacks

Good point but I can also see that minimum buy point rising as WTI rises.

With OPEC+ insisting on a $90 floor the new buy limit may increase to $30 CAD as $25 CAD may become the new SP floor and AP already said they would be buying under $30 CAD.

Pretty astute and forward thinking by what I consider to be the best CEO in the industry.

GLTY and all.

JohnSP wrote: Again a reduced monthly total of only 2.33 mln shares for total CAD50.0 mln.

I calc this levaes 31.1 mln left in current NCIB, good news is all bought back in last 1/3 of month when shre price dropped below $25, so that seems to be their buy point, so I expect stopped again in Oct as price has popped up.

Link: https://ceo.ca/api/sedi/?symbol=cve&amount=&transaction=&insider=

For total Q3 they have bought back CAD427 + 200 + 50 = CAD677 mln, lower than Q2's CAD1,018 mln.